XRP slides toward $1.10 amid liquidation‑driven selloff

XRP dropped sharply, slipping to around $1.10 after a wave of forced liquidations erased more than $1.7 billion in leveraged positions across crypto assets [1]. The selloff was accompanied by a 56 % jump in 24‑hour trading volume, reaching roughly $3.4 billion, indicating that the price move was driven by liquidation pressure rather than gradual distribution [1].

Key takeaways

• XRP fell from $1.17 to $1.11 in a 24‑hour period, briefly touching $1.09 before a modest rebound [2].
• Trading volume surged to 268.2 million XRP during the June 5 06:00 UTC session, a level typical of forced liquidations [2].
• XRP ETFs recorded a $5 million outflow, ending a 21‑day inflow streak, while net assets remain near $1 billion [1].
• The Crypto Fear & Greed Index dropped to 19, placing sentiment in “Extreme Fear” territory [1].
• Technical analysis highlights $1.10 as a critical support zone; a break below could expose the $0.80‑$0.92 range, while a hold may allow a bounce to $1.36 [1][2].

Liquidation pressure and market sentiment

The price decline coincided with a broader market pullback, as leveraged traders were forced to liquidate positions worth over $1.7 billion [1]. This liquidation wave lifted XRP’s 24‑hour volume to $3.4 billion, about 4.4 % of its circulating market cap, underscoring the intensity of the sell pressure [1]. Concurrently, the Crypto Fear & Greed Index fell to 19, signaling “Extreme Fear” and reflecting heightened geopolitical concerns, including stalled U.S.–Iran talks and potential tariff hikes [1].

ETF flows added another layer of nuance. While short‑term traders exited XRP ETFs, resulting in a $5 million outflow—the first in 21 days—long‑term institutional capital still holds roughly $1 billion in net assets, suggesting divergent behavior between retail and institutional participants [1].

Technical outlook and support levels

On the 4‑hour chart, XRP’s price sits near $1.15, with the MACD remaining in negative territory and the RSI edging below the 30 oversold threshold [1]. Analysts point to $1.10 as the pivotal support level; a daily close below this mark could trigger a test of the $0.80 zone [1]. Conversely, holding $1.10 might enable a rebound toward the first resistance at $1.36, and potentially the May high of $1.55 if momentum stabilizes [1].

CryptoNews.net notes that the move below $1.10 briefly pushed XRP into one of its most oversold states in years, with weekly RSI readings approaching historic lows [2]. However, oversold conditions do not guarantee a swift rally, especially when liquidation‑driven declines dominate market dynamics [2]. The bounce from $1.09 showed some seller fatigue, but rebound volume remained weaker than the preceding sell pressure [2].

Why it matters

The current selloff highlights the vulnerability of to liquidation cascades when broader risk appetite wanes. XRP’s proximity to the $1.10 support zone serves as a barometer for how leveraged market stress may translate into longer‑term price trends. If the token holds above $1.10, it could attract capital seeking the “survivor” asset among altcoins, while a breach may deepen the correction and test lower liquidity zones. Traders and investors will be watching volume patterns on rebounds, ETF flow trends, and macro‑risk indicators to gauge whether XRP’s slide is a temporary capitulation or the start of a more sustained downturn.